Prada SpA ( (PRDSF) ) has released its Q2 earnings. Here is a breakdown of the information Prada SpA presented to its investors.
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Prada S.p.A., a prominent player in the luxury goods industry, is known for its iconic brands such as Prada, Miu Miu, Church’s, and Car Shoe, and operates in various sectors including fashion, food, and beauty. The company is listed on the Hong Kong Stock Exchange and has a global presence with 620 directly operated stores.
In its latest earnings report for the first half of 2025, Prada Group announced net revenues of €2,740 million, marking a 9% increase at constant exchange rates compared to the same period in 2024. The Group’s net income reached €386 million, supported by a solid performance across its brands and regions despite challenging market conditions.
Key highlights from the report include a 10% increase in retail net sales, with notable growth in the Miu Miu brand, which saw a 49% rise in sales. The Prada brand experienced a slight decline of 2% in retail net sales, while regional sales grew significantly, particularly in the Middle East and Americas. The Group also reported an EBIT Adjusted of €619 million, maintaining a 22.6% margin on net revenues.
Prada’s strategic initiatives included the acquisition of Versace, expected to close in the second half of 2025, and a 10% equity investment in Rino Mastrotto Group. The company also focused on sustainability efforts and digital evolution as part of its investment plan.
Looking ahead, Prada Group remains committed to its strategic objectives, aiming for sustainable and above-market growth despite the current macroeconomic challenges. The management emphasizes the importance of balancing prudence with long-term investments to continue delivering solid performance.